syed noorul shajar

@vit.ac.in

Assistant Professor
VIT UNIVERSITY, VELLORE

EDUCATION

Ph.D in Corporate Finance from Aligarh Muslim University, Aligarh
PGDBA from SCDL, Pune
PGFM from MIT, Pune
M.Com from Aligarh Muslim University, Aligarh
11

Scopus Publications

Scopus Publications

  • Climate-related Risks in Emerging Markets: Understanding the Landscape, Challenges and Strategic Solutions
    Mohammad Kashif, Harshi Garg, Syed Noorul Shajar, Arokiaraj David
    Climate Risk and Emerging Markets Valuation Volatility and Portfolio Strategies, 2026
    The impact of climate-related hazards on emerging markets and resource valuation is the primary objective of this chapter’s analysis. Whereas emerging markets possess the capacity for expansion fiscally, they are increasingly vulnerable to tangible climate risks such as severe storm incidents and governmental forces associated with worldwide environmental targets. The present research explains how these risks confront traditional economic models using the examination of case studies, such as the economic effects of Cyclone Amphan, and the drought’s impact on the nation’s hydro energy growth. The significant role of Environmental, Social, and Governance (ESG) requirements in decreasing climate risk and establishing strong, balanced portfolios of assets for the long-term future is further examined in the chapter. The results illustrate how proactive approaches are required to control these dangers and take benefit of the changing prospects of developing nations.
  • Emerging trends and potential challenges in the advancements of e-financial strategies
    E Finance Transformative Strategies for Sustainable Development in the Digital Era, 2025
  • Resource Efficacy in Circular Economy to Achieve Sustainability
    Syed Noorul Shajar, Mohammad Kashif, Harshi Garg
    Approaches to Global Sustainability Markets and Governance, 2025
  • Fintech-driven sustainability: a QARDL analysis of renewable energy consumption and natural resource management
    Mohammad Kashif, Sanjay Taneja, Syed Noorul Shajar, Zelhuda Shamsuddin, Amar Johri
    Management of Environmental Quality, 2025
    Purpose This study attempts to examine the inter-relationships between environmental sustainability, financial technology, natural resource management (NRM) and renewable energy consumption. Design/methodology/approach This study utilizes the Quantile Autoregressive Distributed Lag (QARDL) methodology. The QARDL approach allows for a broad analysis that accounts for the heterogeneity of impacts across various levels of the variables. Using the data from 1998 to 2022, the study assesses the influence of Financial Technology, NRM and Renewable Energy Consumption on Environmental Sustainability by evaluating long and short-run dynamics for the Indian economy. The robustness of the model was evaluated using the endogeneity test and the Wald Test following the generation of the QARDL result. The Granger causality test is also used to reveal the causal effect among the variables. Findings Long-run estimation of the QARDL model reveals that all independent variables have a positive and statistically significant impact on environmental sustainability (ES), particularly in the lower and middle quantiles. The short-run counterparts show similar results. Most importantly, the Error Correction Term (ECT) is found to be negative and significant across all quantiles. The results of the Granger causality test reveal bidirectional causality among the variables. Originality/value The results of this study are supposed to contribute to the existing literature by explaining the role of financial technology in upholding ES. This research not only bridges the gap between technology and sustainability but also presents a crucial assessment of how cohesive approaches can be utilized to achieve ES goals.
  • Enhancing financial sustainability: the power of intellectual capital in India’s renewable energy industry
    Faizi Weqar, Syed Noorul Shajar, Mohammad Kashif, Saqib Noman, Mohsin Khan
    Humanities and Social Sciences Communications, 2024
    The main objective of this research article is to examine the effect of intellectual capital (IC) and its dimensions on the financial performance (FP) of the Indian renewable energy industry, guided by the Resource-Based View (RBV). The study employed data from 36 solar and 39 wind sector companies for six years, from 2017 to 2022. Moreover, the modified value added intellectual coefficient (MVAIC) model was used to measure the company’s IC. Further, the paper uses panel data regression analysis to examine the above-mentioned objectives. The results showed that IC improves the earnings and profitability of solar sector companies, while for wind sector companies, it only helps boost their profitability. Contrary to the expectation, human capital efficiency (HCE) failed to show any effect on the FP of the Indian solar sector companies. However, HCE positively moderates the relationship between structural capital efficiency (SCE) and FP, as well as relational capital efficiency (RCE) and FP. For the wind sector companies, HCE significantly and positively affects the FP; however, HCE negatively moderates SCE and profitability while positively for capital employed efficiency (CEE) and FP. This research adds new data from an industry that has previously received little attention (i.e. Indian renewable energy industry), thus broadening the research on the relationship between IC and FP. Moreover, the study may provide in-depth insights into the MVAIC dimensions as it discovers the moderating effect of human capital in boosting the company’s FP.
  • Enhancing Firm Performance Through Effective Working Capital Management: A Study of Indian Manufacturing Firms Listed at S&P BSE 500
    Syed Noorul Shajar, Kashif Beg, Mohammad Kashif, Mohsin Khan, Shahrukh Saleem, Faisal Usmani
    International Research Journal of Multidisciplinary Scope, 2024
    The Covid-19 epidemic had a significant and far-reaching effect on the worldwide economy. The circumstances have led to the degradation of financial markets, significant decreases in household consumption, the transmission of diminished demand to various industries and economies worldwide, and substantial shrink in business sales. Consequently, firms have experienced a substantial decline in their overall performance. As the proper administration of money plays a crucial role in the success of enterprises. Consequently, it is critical to investigate the connection between working capital management and manufacturing firms' success. This research investigates the correlation between several aspects of working capital management and the performance of Indian manufacturing companies listed on the S&P BSE 500, utilizing Tobin's Q as a measure. The study included correlation and regression analytic techniques. The study's findings indicate that both Inventory Conversion Period (ICP) and Accounts Receivables Period (ARP) have a negative impact on the business's worth, as evaluated by Tobin-Q (TQ). Conversely, Cash Conversion Cycle (CCC) and (Accounts payable period) APP have a positive effect on the financial performance of the organization. Furthermore, the study indicates that efficient management of working capital can improve business performance, leading to the attainment of sustainable development goals. This study's findings are highly valuable for financial managers, policy-makers, academics, investors, and other government bodies.
  • The future of green finance: Artificial intelligence-enabled solutions for a more sustainable world
    Harnessing Blockchain Digital Twin Fusion for Sustainable Investments, 2024
  • The bibliometric analysis of previous twenty- five years’ literature: A microfinance review
    Kashif Beg, B. Padmapriya, Syed Noorul Shajar, Md. Moneef Ahmad, Abdul Ghani Faiyyaz
    Heliyon, 2024
    The tremendous increase in publications in Microfinance since 2000 has highlighted need for and importance of innovative techniques to present big data in this field in a most informative, scientific, and summarized manner. The study highlights the trends and patterns of Microfinance literature by revealing what has been done and what could be done in future. The study comprises of 1429 microfinance publications extracted from the Scopus database. The authors adopt bibliometric analysis through open software application R and network analysis techniques using Gephi AND VOS viewer software. The study adds a valuable contribution to the field of Microfinance by distinctively summarizing the important literature. It identifies global academic research trends and provides insights about trending topics, highly cited literature, authors, countries, collaboration network, word cloud, citation analysis, etc. Finally based on extensive literature survey through bibliometric analysis. The study highlights about the scope of future research in Microfinance.
  • Achieving sustainable investment practices through green finance: Challenges and opportunities
    Mohammad Kashif, Syed Noorul Shajar, Nikita Singhal, Puneet Kumar
    Sustainable Investments in Green Finance, 2023
    There is a positive trend in the substantial extension of green credit tools. These include climate bonds and numerous universal establishments. Although challenges are posed, there are numerous opportunities in this field. The environmental protection industry demands substantial upfront investment capital and often involves a lengthy payback period, necessitating a unique financing approach. Green finance policies can address government financing challenges through financial innovation and reform. Green bond issuance initially gained traction in Europe, but more communal and individual concerns in Asia are now adopting such device to support their unceasing growth objectives. The present chapter highlights challenges faced by sustainable investment practices through green finance and opportunities available globally for this particular area.
  • Non-Monotonic Relationship between Corporate Governance and Banks’ Operating Performance—The Moderating Role of CEO Duality: Evidence from Selected Countries
    Marghoob Enam, Syed Noorul Shajar, Niladri Das
    Sustainability Switzerland, 2023
    This study examines the non-monotonic (U-shaped, inverted U-shaped or curvilinear) relationship between the corporate governance (CG) and bank performance of commercial banks operating across four countries whose CG framework is based on the OECD principals of CG. Using a dataset of 4230 bank-years observation from 2012–2021, the study shows that governance–performance relations may be non-monotonic but not U-shaped using a two-line approach and the Robin Hood algorithm. In addition, this study, using feasible generalized least squares (FGLS), empirically shows that the interaction effect of CEO duality on governance–performance relations in financial institutions is curvilinear and significantly moderates and reverses these impacts. The findings reveal that, in financial institutions with CEO duality, there is a far more modest association between CG and performance, which has an inverted-U shape and is curvilinear. The findings are consistent with arguments advanced by resource dependence and stewardship theory that, although duality might increase bank performance through joint leadership, it can benefit the bank in the presence of unity of command.
  • Role of microfinance in poverty alleviation with special reference to district aligarh (India)
    International Journal of Advanced Science and Technology, 2019